Blum

Blum is a mini-app in Telegram. The Blum system allows for cryptocurrency trading directly from a chat in Telegram. It is a hybrid platform that combines the advantages of both centralized and decentralized exchanges. Trading becomes not only more convenient but also safer.

Blum positions itself primarily as a cryptocurrency exchange, although it also contains gaming elements. The project also has Blum Academy, a great initiative for educating users about the intricacies of the TON blockchain and the world of cryptocurrencies in general

Who manages Blum Crypto?

This is the work of Blum Labs Inc. from Panama, founded in March 2024. The co-founders are Gleb Kostarev, Vladimir Maslyakov, Igor Pugachevsky, and Vladimir Smerkis. Many team members have previously worked together at Binance.

What is special about Blum?

What is a hybrid exchange? It is the best of both worlds - the security and management of a DEX with the liquidity and speed of a CEX. They offer a wide range of trading pairs, fast order execution, and a simple interface, reducing the risks of hacks and losses since users' funds are stored on the blockchain.

Blum Crypto breaks stereotypes by operating as a hybrid exchange. This means they mix the best of centralized and decentralized platforms, creating the perfect place for trading.

How does it work?

Ultra-fast order matching: Blum uses an off-chain order book to instantly match buys and sells. This means less delay and slippage, making trades super efficient. Secure blockchain settlement: All transactions are confirmed on the blockchain, ensuring maximum security and transparency. Your funds never get stuck on the exchange - they remain in your wallet until the moment of the transaction. You store your assets yourself, as you can connect to Blum through your wallet, such as MetaMask or Trust Wallet, and maintain control over your keys and funds. Blum allows trading assets across different blockchains, eliminating the need to use various exchanges.

Key features of Blum Crypto:

• Wide range of cryptocurrencies: From popular coins like Bitcoin and Ethereum to exotic altcoins and tokens.
• Cross-chain operations: Easily and quickly transfer assets between blockchains.
• Low fees and fast transactions: Blum focuses on speed and savings, making your trading more profitable.
• Advanced trading tools: Use the latest innovations, including real-time charts and various order types to maximize your strategies.

Blum Points

Blum Points are bonus points on the platform that can be exchanged for BLUM crypto tokens after their launch. This is a great way to start trading without investing real money.

How to farm Blum Points

This is how you can earn Blum Points:

• Point farming: Launch the app and regularly click the "Farm" button to accumulate points. Be sure to collect them on time.
• Tasks: Participate in special tasks, such as inviting friends or posting on social media, to earn additional points.
• Daily tasks: Complete the tasks that Blum offers every day to get additional points.

Note that there is a limit on the number of points you can earn per day, and the value of Blum Points may change.

How to withdraw Blum Points?

At the moment, Blum Points cannot be withdrawn directly as they are not tokens. Although the dates for listing and airdrop are still unknown, we can suggest potential methods for withdrawing Blum:

1. Blum

It is logical and most likely that $BLUM will be withdrawable from the Blum exchange itself.

2. Binance

In March of this year, Blum was selected for the seventh season of the MVB accelerator by Binance Labs. While selection for the program does not guarantee investments, it is already a significant step forward. Considering this and the fact that the co-founders of the project previously worked at Binance, we can consider this method as a possibility.

Security and legality of Blum Crypto

Security measures: Blum Crypto uses MPC technology to protect keys and offers self-custody through external wallets. Regulatory standards: Blum Labs Inc. is registered in Panama, and it is unclear which regulations apply to them at the moment. Reviews and reputation: The platform is generating interest and expanding its presence on Telegram, though some users report technical issues. Potential risks: Future regulations and high market volatility may affect the value of assets traded on the platform. It is always important to follow official information sources and beware of scammers, never sharing personal information with unverified individuals.

Roadmap

The team is very serious, so this is not just another passing app but a cool project that stands out with its clear strategy and crystal-clear goals. An organized approach allows the team to move forward purposefully, without being distracted by secondary details. Blum is the embodiment of innovation and efficiency, which has made the project successful.